VC investment surging to best performance since 2001

Guest Contributor
November 9, 2016

Canada's venture capital industry closed the third quarter with its best investment performance since 2001, driven by 11 large deals worth $50 million or more for a total of $774 and a nine-month total of $2.5 billion. Information technology accounted for $1.6 billion or 62% of the investment total in the year-to-date, followed by life sciences ($531 million/21%), clean tech ($149 million/6%) and consumer-related firms ($148 million/6%). Foreign VC accounted for 36% of the nine-month total and overseas funds provided 5%. Average deal size increased to $5.6 million, overtaking France but still well behind global leaders such as China, India, the US, UK and Israel. The focus on larger, later-stage deals hit seed and early-stage investments, which are down 21% so far this year. Ontario was home to the most investment at $442 million, the province's best performance since 2002. The most active investors this year to date are Fonds de Solidarité FTQ ($179.3 million), Caisse de dépôt et placement du Québec ($124.9 million) and the Business Development Bank ($112.9 million). Data were provided by Thomson Reuters....

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